Talk to a 40-year-old business professional with a family that includes a spouse and children. this person can be a family member, friend, or mentor. list and describe the savings, investments, and risk management strategies for this phase of life. describe how financial planning has changed from the earlier phase of life.

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baalveer5238 baalveer5238

23-05-2022
Business

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Talk to a 40-year-old business professional with a family that includes a spouse and children. this person can be a family member, friend, or mentor. list and describe the savings, investments, and risk management strategies for this phase of life. describe how financial planning has changed from the earlier phase of life.

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ayfat23 ayfat23 · Answer 1 · 2022-06-06T20:56:44+02:00

Writing about a financial life of professional business man;

The savings could be $500millions
The investment could be stocks, real estate investment
risk management strategies: risk avoidance.

Financial planning changes from earlier phase of life through these process;

Wealth accumulation
development
Protection of wealth
Wealth transfer

What is Risk management?

Risk management can be regarded as the process involving how individuals identify and access risk.

Risk avoidance which is one of the risk management strategies that could be used by the man involves getting rid of any process or activities that affect all the listed investments and asset listed above.

As 40-year-old business professional, risk management is a must so as to be financially relevant and the steps for the financial planning is listed above.

Learning more about Risk management at;

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